Bitcoin Hits $50,000 For The First Time Since 2021
Bitcoin surpasses $50,000 for the first time since December 2021.
Bitcoin's resilience and upward trajectory highlight its role as a store of value and hedge against inflation.
BTC Tumbles Below $44K, Bitcoin Miners Drop 10% Boosting ETF 'Sell the News' Calls
Bitcoin (BTC) dropped to near $43,000, a fall of 6%, after the debut of spot bitcoin ETFs.
Cryptocurrency-adjacent stocks, including bitcoin miners and Coinbase, also saw significant declines in their stock prices.
Previous landmark events in the cryptocurrency industry, such as Coinbase's listing and the debut of futures-based bitcoin ETFs, have been followed by cooling prices.
First Mover Americas: Bitcoin's Strong Start to January May Falter
Bitcoin historically has not seen positive returns in January
There is anticipation of a bitcoin rally if a spot bitcoin ETF is approved in the U.S.
Bitcoin Hits $50,000 For The First Time Since 2021
Bitcoin surpasses $50,000 for the first time since December 2021.
Bitcoin's resilience and upward trajectory highlight its role as a store of value and hedge against inflation.
BTC Tumbles Below $44K, Bitcoin Miners Drop 10% Boosting ETF 'Sell the News' Calls
Bitcoin (BTC) dropped to near $43,000, a fall of 6%, after the debut of spot bitcoin ETFs.
Cryptocurrency-adjacent stocks, including bitcoin miners and Coinbase, also saw significant declines in their stock prices.
Previous landmark events in the cryptocurrency industry, such as Coinbase's listing and the debut of futures-based bitcoin ETFs, have been followed by cooling prices.
First Mover Americas: Bitcoin's Strong Start to January May Falter
Bitcoin historically has not seen positive returns in January
There is anticipation of a bitcoin rally if a spot bitcoin ETF is approved in the U.S.
Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33
CME bitcoin futures open interest reached a record high of $6.2 billion as institutions anticipate a spot bitcoin ETF approval.
K33 Research predicts that if a spot-based bitcoin ETF is approved, investors will quickly unwind their positions, leading to a decrease in open interest and premiums.
BlackRock's Bitcoin ETF Now Invites Participation From Wall Street Banks
BlackRock's change to the mechanics of their spot bitcoin ETF allows Wall Street banks to play a key role by enabling them to act as authorized participants.
Banks could use cash to create new fund shares instead of cryptocurrency, which they are restricted from holding.
Binance's Bitcoin Reserves Drop as Retail Flow Moves to Coinbase: CryptoQuant
Bitcoin is flowing from Binance to Coinbase, with Coinbase's reserves increasing and Binance's decreasing.
The decrease in Bitcoin reserves on Binance is attributed to retail outflows and nervousness about recent legal issues.
Analysts believe that Binance's settlement with the U.S. Department of Justice increases the likelihood of a spot Bitcoin ETF approval.
Bitcoin Buffeted Then Bounces on Binance/U.S. Settlement Report
Cryptocurrency markets are lower due to the regulatory crackdown in the U.S.
News of a settlement with Binance provided some relief to the markets.
The SEC has delayed decisions on spot bitcoin ETFs and filed a lawsuit against Kraken.